November 17, 2019 12:59 pm
Gas prices in Iran remain among the lowest in the world, but in a country with a relatively low average income the increase has been met with widespread anger.
July 30, 2019 6:11 pm
Tensions began to rise in May 2018 after President Donald Trump unilaterally withdrew the United States from the 2015 Joint Comprehensive Plan of Action (JCPOA) agreement, commonly referred to as the Iran nuclear deal, and reimposed US sanctions on Tehran.
July 29, 2019 10:44 am
Brent crude futures were up 23 cents, or 0.4%, at $63.23 a barrel by 0054 GMT. Prices rose 1.6% last week. US West Texas Intermediate crude was down by 12 cents, or 0.2%, at $56.08 a barrel. WTI gained 1% last week.
June 25, 2019 8:39 am
A previous round of sanctions against Iran - that began in early 2012 and ended in 2016 - allowed Saudi Arabia and Iraq to raise their Asian market share. India also raised the volumes it took from Venezuela in that period to fill the Iranian oil gap.
June 13, 2019 10:39 pm
US President Donald Trump has been briefed on the issue, the White House said today. Washington has also accused Tehran of being behind a similar incident on May 12. Four tankers were attacked in the same, vital oil shipping route.
May 18, 2019 9:10 pm
Initially, not even pro-American Britain would go along with President Donald Trump’s administration, with officials defending a senior British general in the coalition fighting the Islamic State who said that there was no enhanced threat from Iran in Iraq and Syria.
May 11, 2019 12:56 am
Iran’s partial withdrawal from nuclear deal is a signal: Iran-US conflict may become a costly showdown.
May 02, 2019 10:38 am
Iran has no way to impose economic sanctions on the US and its allies in the Middle East. But its militias and proxies can retaliate to any military provocation from the US or Israel.
April 25, 2019 1:08 pm
US sanctions against Iran have denied its government more than $10 billion in oil revenue since President Donald Trump first announced the move last May.
April 24, 2019 11:42 am
The US backed India after the Pulwama attack. Delhi, which relies on US support at the UNSC, has a tough choice given Iran accounts for about 13% of its oil imports